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Thailand | Publication | June 2022
On 2 May 2022, the Energy Regulatory Commission (the “ERC”) has officially enacted the ERC’s Notification re: Third Party Access Framework Guideline B.E. 2565 (2022) (the “Third Party Access Framework Notification”) with an effective date on 3 May 2022.
Most of the key principals set out in the Third Party Access Framework Notification remain unchanged compared to its initial draft (Please refer to our previous update here) which aim to provide the possibility of transforming and liberalizing the electricity market to allow private sectors to participate in Thai electricity network systems.
The regulated entities (i.e. Electricity Generating Authority of Thailand, Metropolitan Electricity Authority, Provincial Electricity Authority and others entities that may further announced by the ERC) (the “Regulated Entities”) must procure and submit a third party access code to the ERC within 180 days after the effective date (i.e. within 29 October 2022). In addition, If the Regulated Entities receive an approval for the proposed a third party access code, the Regulated Entities must issue and announce the approved a third party access code within 30 days from the date the ERC approved the a third party access code to the public.
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A number of new employment laws came into force in April 2024 to provide greater flexibility for employees, including enhanced flexible working rights and new leave entitlements.
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We are delighted to announce that Al Hounsell, Director of Strategic Innovation & Legal Design based in our Toronto office, has been named 'Innovative Leader of the Year' at the International Legal Technology Association (ILTA) Awards.
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After a lacklustre finish to 2022 when compared to the vintage year for M&A that was 2021, dealmakers expected 2023 to see the market continue to cool in most sectors, in response to the economic headwinds of rising inflation (with its corresponding impact on financing costs), declining market valuations, tightening regulatory scrutiny and increasing geopolitical tensions.
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